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| DON'T Daytrade Stocks Like This in forum [Market-Ticker]
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Bagbalm
Posts: 4323
Incept: 2009-03-19
Just North of Detroit
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I've been out and closed my accounts for over a year. I can't outbid computers and outthink crooks.
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Chris92346
Posts: 1316
Incept: 2009-03-25
Banned
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Unfortunately stops don't limit risk any more. Instead you have to constantly watch your investments non stop.
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Ckaminski
Posts: 1663
Incept: 2011-04-08
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Exactly. I made my money back from the 2007 crash, locked in my gains, and GOT THE **** OUT. I don't like playing in games where I don't know all the rules and I have almost no experience.
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Widgeon
Posts: 13481
Incept: 2007-08-30
Region formerly known as the United States
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I heard the Korean Development Bank is buying LEH? Any truth to that?
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12bolt
Posts: 163
Incept: 2009-08-24
Blueridge
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You've indirectly hit on a very important idea...
How's an honest man of modest means supposed to save for retirement?
He can't afford to lose money in this rigged ponzi scheme, gets no interest on savings, and sees that savings (what little there is) being devalued constantly, a little at a time.
IE he will need 2 save 2 or 3 hamburgers today just so he can eat one in 20 years.
In an environment of inflation and declining or stagnant wages, this is putting a whole lot of people behind the 8 ball, so to speak.
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Flyanddive
Posts: 605
Incept: 2008-10-10
Detroit
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A lot of the retail investors I know were using home equity to dump into the market. I doubt anyone will get or has the cash, let alone the $25k min to day trade, to see any meaningful return of the retail investor.
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"I've seen people go into real poverty trying to pretend to be rich."
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Widgeon
Posts: 13481
Incept: 2007-08-30
Region formerly known as the United States
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Quote:How's an honest man of modest means supposed to save for retirement? You've got save like you've never saved before: like no one's done in this country for 50+ years. Save, and Save, and Save some more. |
Abn0rmal
Posts: 9261
Incept: 2009-01-10
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Quote: How's an honest man of modest means supposed to save for retirement? How do you know it's possible in any kind of sustainable way for large segments of the population to retire? Retirement for the average person has only existed as a concept since the invention of the welfare state in late 19th century Germany. So far it's only ever been realized as a Ponzi scheme made possible by population growth. |
Ramthebulls
Posts: 10867
Incept: 2007-09-24
Queens, NY
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Most people could retire just fine if they saved 20% of their income, even with below average investing returns.
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Umbrage is like love. No matter how much someone takes, there's always more for you to give.
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Greendisease
Posts: 68
Incept: 2011-04-11
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Quote:Instead you have to constantly watch your investments non stop. This is exactly why I'm not in the stock market at all. I feel like I would need to park myself in front of chart screens every waking minute, and with a full-time job, I can't possibly devote that kind of time. I also have precious little money to screw around with and potentially lose to a supercomputer or inside trader. There was a time when the stock market existed for people like me, but no longer it seems. |
Ostriches
Posts: 263
Incept: 2009-10-28
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Transcript of an actual telephone call this AM:
Caller Y: Hello X, this is Y from Oppenheimer mutual funds, I was wondering if you were interested in...
X: Hold up, let me stop you before you go any further. There is no way in hell I am getting in the market.
Caller Y: OK, thanks. Have a good day.
Click.
Click.
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Genesis
Posts: 131439
Incept: 2007-06-26
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Quote:How's an honest man of modest means supposed to save for retirement?
He can't afford to lose money in this rigged ponzi scheme, gets no interest on savings, and sees that savings (what little there is) being devalued constantly, a little at a time.
IE he will need 2 save 2 or 3 hamburgers today just so he can eat one in 20 years.
In an environment of inflation and declining or stagnant wages, this is putting a whole lot of people behind the 8 ball, so to speak.
You either change the government or you die.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Ktrosper
Posts: 1509
Incept: 2010-04-06
ft collins co
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Bag wrote..I can't outbid computers and outthink crooks. /nod
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The unexamined life is not worth living.-Socrates
The only stable state is the one in which all men are equal before the law.-Aristotle
Liberty exists now in the spaces government has not yet chosen to occupy.-Doc Zero
I anticipate that 10 Dallas Cowboys Cheerleaders will blow me this evening.-K.D
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Aethor
Posts: 157
Incept: 2011-11-15
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Quote:You either change the government or you die. In most cases, that would mean "die". To change the government is... between hard and impossible. The people in power already have enormous amounts of power and money to use in preventing you from changing the government; and they have enough power to even take your own money and use it against you. Most successful revolutions (successful in terms that the government was changed, regardless of how good or bad the new government was), were done when the old government (and the whole country) was under heavy pressure from outside (example: Russian communist revolution in the WW I). American revolution vs the British was more like a war between two countries; there was the entire ocean in between, and the size of the territory on the US side was many times that of England - not very easy to control if the population doesn't want you to. And even so, it was iffy - how would it have ended if France, Spain and others did not help? Changing a government nowadays, from inside the country, when half or more of the population is only interested in dumb entertainment and government handouts, and the government has not only money and power but all the 21st century tech to keep tabs on you and tax everything you do... I don't see how. You can get a few good people to join you, but that's like ethical top 1%, not the average, and the outcome will be like with you and the Libertarian party. |
Raftermanfmj
Posts: 3564
Incept: 2010-09-06
USA
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Quote:How's an honest man of modest means supposed to save for retirement? Retirement is a new concept relative to humanity. Used to be, you worked till you could not, then moved in with your kids and their family. So plan on that. Secondly, get ready to grow your own food. You'd be amazed what you can produce on even one acre. What does asparagus cost? Couldn't tell ya, as I grow my own. Food inflation becomes an abstraction if you can feed yourself. So plan to do so. Thirdly, figure out how much house you need, then buy it. Factor in taxes and upkeep...don't buy more than you need. Fourth, I'd rec. buying some metal. Lead, brass, silver, gold. Don't bet the farm, but prudence would say, perhaps 10% of assets. I'd say your goal would be survival, not levering up to make a killing. Propagate, not speculate. Fifth, don't buy a house in a plan with covenants and HOA fees. That is just stupidity, squared. Six, concentrate on property that provides more than just a roof over your head. Can you grow crops? Raise chickens? Does it provide free gas rights? Gas well income? Are there rentals on the property? Can you leverage the property by opening a business to generate income - a kennel perhaps? If you are setting the price, IE for a rental, service or food sales, you have de facto protection from inflation. As everyone's costs rise, the prices you charge rise in kind. Be an owner, more importantly, be a producer. Counting on the ability of the state to rob others and provide for you worked out for a subset of Americans, and for all elected officials, but it is a historical aberration that is coming to an end. Your pension, SS, indeed even your bank balance (dropping in value by ~10% per year thanks to ZIRP, according to shadowstats.com) is a lie. Those that believe 'someone' is looking out for them will end their days eating ashes. Oh, and take physical delivery of all metals; and if you're not into guns, just get the basics (shotgun or AR and a pistol)...it's easy to get caught up in 'gun porn' and devote resources to a gun for every need, when such resources would be better spent elsewhere.
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I have never wished to cater to the crowd; for what I know they do not approve, and what they approve I do not know. - Epicurus
Oderint dum metuant - Caligula & Police State USA
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Bertdilbert
Posts: 2694
Incept: 2008-12-22
CA
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Organized theft will drive liquidity out of the market, leaving a bunch of crooks trying to feed off each other.
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Dear Euroland: Relax, Germany has a plan for your money!
Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.
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Widgeon
Posts: 13481
Incept: 2007-08-30
Region formerly known as the United States
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84% of volume is HFT now. Additional percentages for traditional program trades and institutional positions. I'd say the "actual" liquidity is gone as computers and insiders probably easily account for 95+% of the volume.
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Marketpirate
Posts: 1637
Incept: 2007-11-30
New York
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I got out of the market and never looked back. I now enjoy being able to sleep at night. 
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The bull**** stops when the money runs out, and not a moment before.
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Steelhead23
Posts: 2073
Incept: 2008-09-09
Portland OR
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12Bolt - You have flat nailed it. I'm a lucky one. I saw it coming and escaped the 2008-9 bloodbath. But I've been sidelined since. I have never had the inclination to day-trade and play options but I recognize that in this highly volatile environment one could make quite a bit of money - or lose it. Where is the instrument that pays a paltry 5% at low risk in a strong currency in a low inflation economy? I never expected to be rolling in it in my retirement, but I didn't expect to worry so damned much.
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"Give me control of a nation's money and I care not who makes it's laws" —Mayer Amschel Bauer Rothschild Benjamin Bernanke
For-profit commercial banks are a menace and should be eradicated
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Mikek31
Posts: 4387
Incept: 2009-05-04
Chicago
Online
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All your retirements are belong to us.
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Intentional manipulation of markets is usually thought of as a crime, not a benefit, and should lead to indictments, not praise. -Karl
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Jonesapple10
Posts: 379
Incept: 2010-11-09
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Retirement - yeah right. Day trading without a Gen-like understanding and deep, deep pockets is idiotic. If you're lucky it'll be a slow death. Computers and the .01% are in charge and the government doesn't have the stones or brains to stop them. When I talk to "regular" folks, they don't seem to have any investments/retirement and are barely hanging on. When the bottom drops out, they're gonna be*****ed...and hungry...and armed.
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Aethor
Posts: 157
Incept: 2011-11-15
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Quote:Where is the instrument that pays a paltry 5% at low risk in a strong currency in a low inflation economy? Nowhere, when a bank creates money out of thin air, loans out 20-30 times what it has, and if it fails they get bailed out - and even if they don't, bank management does not feel any personal consequences. Why would they take money from you at 5% and look for people to take loans at 6.5% when they can just write in their computer that there is money, loan it at 1% to government or 2.5% - 5% to people, and pocket their bonuses? |
Aliveh
Posts: 4054
Incept: 2008-01-18
Los Angeles
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There's a good reason Gross coined the term "financial repression" - that's exactly what it is.
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Striker754
Posts: 671
Incept: 2009-07-09
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Another thing about the market is that, I would estimate, 80% of the movement is overnight when you can't do **** about it. Trading during the day for the most part is flat.
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